Silver showing head & shoulders - Bearish
Short $AG 10.37 SL 10.86 (-4.7%) TG1 2.34 (+77.4%) TG2 0.67 (+93.5%) TD Sequential 9 Weekly
SIlver (USD)- Monthly chart. Must break out of down-slopping channel (pink). Sadly, hasn't even retraced past the 23.6% Fib Retracement from the 2011 highs. Silver (USD)- clearly has a lot of work to do to recover from the blow off top of 2011.
Silver (AUD)- Monthly chart. Potentially forming a Double bottom. Note over head resistance (yellow line)- 4 failed previous attempts. Yellow line also coincides with 38.2% Fib retracement from the 2011 highs. So a very important line to break to complete Double bottom.
Short - Term: SHORT GOLD watch at key levels. Currently using GLL, DZZ, and one other as a medium to short the market. Considering INVERSE gold miner ETFs for TUES buys. Also watching out for FOMC meeting as well as ECB. WED will be when the rubber meets the road. * Took profits on all gold mining...
I was watching this last week and it has completed the pattern as of today. Watching this closely as the measured move is around ATHs in gold. Closing above the structure and ill be adding to longs. Happy trading traders!
This precious metal is getting decimated after Chinese factory production(electronics) collapses in the month of February, down -12% in this trading session. This is going to be the deal of the century once a bottom is found as gold and silver are the only money to stand the test of time with over 5,000 years of recorded use as money, especially in a world where...
Where did this all come from? Dramatic market moves this past week even crashed silver and gold. Bonds were the only investment instrument that went unscathed. So much for the diversification theory that gold and silver would remain uncorrelated and offer protection in a weak market environment. Past debacles have shown that when margin call liquidations enter...
I personally enjoy trading #daily this stock , with 2-3 K in shares , gives me worry free of outcome due to large percentage wins . Size sometimes is difficult to alter when watching Afterhours ticks :D
XAU Short oppotunity. XAU is pulling back to short position. Now it is decent to short XAU.
We must watch the lower yellow zone of the white upward channel and see if that holds. The RSI is diverging which tells me we might be starting a correction, but if we bounce and the RSI can break to new highs, we could continue onto the $13 range before a major correction. I'm out for now to see what happens.
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico. Earnings growth is expected to exceed the low risk savings rate of 2.7%. level of debt (20.2%) compared to net worth is satisfactory (less than 40%).
This is a follow up report to the one I did 3 days ago when BTC was still around 11,370. I said back then if we fall below the 21 day EMA, the moon launch is canceled. Well a couple of hours after that post we fell through the 21 EMA and the rocket blew up on the launch pad. But we recovered the next day and we felt hopeful. Then last night I reported heavy...
Harmonics pattern indicate a low may be in for Silver.
Silver is set to follow it's long lost posh cousin, gold, on the sell-off. This is quite a risky trade considering the large pullbacks in the silver market. Plus there is the notion of entering a short when the market is already oversold. But we don't care about indicators, do we? Surely i entered a short trade on the last gold trade when the stochastic...